Air Transport Services Group Inc. (ATSG) Sees Strong Trading Volume
Air Transport Services Group Inc. (NASDAQ:ATSG) shares saw an uptick in trading volume on Wednesday . 693,026 shares were traded during trading, an increase of 192% from the previous session’s volume of 237,622 shares.The stock last traded at $14.48 and had previously closed at $14.50.
A number of research firms have weighed in on ATSG. TheStreet raised Air Transport Services Group from a “hold” rating to a “buy” rating in a research note on Wednesday, August 17th. Zacks Investment Research raised Air Transport Services Group from a “sell” rating to a “hold” rating in a research note on Monday, July 18th. Finally, Stifel Nicolaus began coverage on Air Transport Services Group in a research note on Thursday, August 25th. They set a “hold” rating on the stock. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Air Transport Services Group presently has a consensus rating of “Buy” and an average target price of $17.00.
The firm has a market cap of $863.85 million and a P/E ratio of 25.27. The company’s 50 day moving average price is $14.29 and its 200-day moving average price is $13.65.
Air Transport Services Group (NASDAQ:ATSG) last issued its earnings results on Monday, August 8th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. During the same period last year, the company posted $0.16 earnings per share. The business had revenue of $176.50 million for the quarter, compared to analysts’ expectations of $181.27 million. The business’s quarterly revenue was up 18.9% on a year-over-year basis. Analysts expect that Air Transport Services Group Inc. will post $0.65 EPS for the current fiscal year.
In other news, insider Brady Thomas Templeton sold 3,000 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $14.72, for a total transaction of $44,160.00. Following the completion of the transaction, the insider now directly owns 89,895 shares of the company’s stock, valued at approximately $1,323,254.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Air Transport Services Group, Inc (ATSG) is a holding company. The Company provides airline operations, aircraft leases, aircraft maintenance and other support services primarily to the cargo transportation and package delivery industries. Through the Company’s subsidiaries, it offers a range of complementary services to delivery companies, freight forwarders, airlines and government customers.
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